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. >> reporter: without a deal to cut the deficit, almost everybody's income taxes will go up january 1st. it's more than that. there will be automatic cuts to defense, to medicare doctors, to unemployment benefits. and that could mean another recession, but -- >> right now, i would say we're nowhere. period. we're nowhere. >> reporter: the white house is standing firm on taxes. >> rates have to go up. >> whose taxes are you going to raise? >> rates are going to have go up on wealthy americans. >> reporter: in addition to $1.6 trillion in tax hikes, the white house's latest offer includes $400 billion in unspecified medicare cuts and no limit on how much the government can borrow. the republican response? >> i was just flabbergasted. i looked at him and said, you can't be serious. >> reporter: two prominent republicans told me that house republicans may ultimately give in to the president on extends just those middle class tax cuts. if they do that, george, without a deal on spending, the president would get nothing else and face another big battle early in the year over the debt limi
. >> reporter: without a deal to cut the deficit, almost everybody's income taxes will go up january 1st. it's more than that. there will be automatic cuts to defense, to medicare doctors, to unemployment benefits. and that could mean another recession, but -- >> right now, i would say we're nowhere. period. we're nowhere. >> reporter: the white house is standing firm on taxes. >> rates have to go up. >> whose taxes are you going to raise? >> rates are going...
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what the outlying house republican states is $2.2 trillion in deficit reduction. that includes 1.2 trillion in spending cuts. $800 billion in new revenue. optimistic projections. and $200 billion in other measures, such as adjusting the consumer price index. but house republicans say if the president doesn't like this, it's incumbent upon him to offer a plan that can make it through the house and the senate. >> the white house says they want to see the republicans first say that tax rates are going to go up. is there any prospect of a face-to-face meeting between the president and house speaker john boehner in the coming days? and how are they getting along these days? >> reporter: it's unclear how well they're getting along. but speaker boehner did come to the white house for the party at the white house. for the annual congressional party for christmas. but this year, speaker boehner did not pose for a photograph with president obama. that raised some eyebrows certainly. it doesn't seem the two are getting along very well. but at some point, president obama will
what the outlying house republican states is $2.2 trillion in deficit reduction. that includes 1.2 trillion in spending cuts. $800 billion in new revenue. optimistic projections. and $200 billion in other measures, such as adjusting the consumer price index. but house republicans say if the president doesn't like this, it's incumbent upon him to offer a plan that can make it through the house and the senate. >> the white house says they want to see the republicans first say that tax rates...
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and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect everyone, including the unemployed, as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensation will end for more than 2 million people out of work more than 26 weeks. many of the unemployed started receiving the news this week from prerecorded phone calls like this one in washington state. >> emergency unemployment compensation shuts off end of the december unless congress votes to extend th
and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect everyone, including the unemployed, as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay...
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Dec 6, 2012
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. >> it's true when bill clinton left office in 2000 we had you are plus and the deficit would have been eliminated as we sit here today what changed that was the republican president and congress. what put us on the path we are on now is not democrats. we would have no collective debt at all if we had left in place the clinton budgetary strategy. megyn: what do you make of that quote. >> what i'm responding to is i think what we are dealing with is a tell poar a temporal thing. it would drive the markets down and create say could and uncertainty. the president is saying we can't go through that again. megyn: he's wanting not only to raise it but to have uniform authority to raise. a fewer years ago they were saying that was a failure of leadership. >> he may not get it but he's right to argue that way the republicans have been doing this has been irresponsible. let's get this done in the way our democracy has worked the for hundreds of years. not this new extraordinary thing. i think he's right to put pressure on the republicans. megyn: i thought it was the democrats trying to make this
. >> it's true when bill clinton left office in 2000 we had you are plus and the deficit would have been eliminated as we sit here today what changed that was the republican president and congress. what put us on the path we are on now is not democrats. we would have no collective debt at all if we had left in place the clinton budgetary strategy. megyn: what do you make of that quote. >> what i'm responding to is i think what we are dealing with is a tell poar a temporal thing. it...
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Dec 8, 2012
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. >> republicans frequently argue it is critical to get a handle on the nation's deficits before the u.s. becomes like greece. there a terrible economy with 26% unemployment, the highest in europe, and almost no job opportunities for young people frequently lead to riots in the streets. now here a leading democrat is suggesting cutting spending too quick -- too quickly is the real problem. >> the community is concerned about all of their as you teary too. there are many things you can do to reduce debt, but still have a a -- an aspect of the economy. >> some say europe's austerity is a drag on economic growth because it relies on taxation while failing to rein in the expansion of government. and that would seem to back up a republican theme in this fiscal cliff argument. >> if we raise taxes on the top two rates which is about a million small businesses who employ 25% of the workforce, it will cost us over 700,000 jobs and reduce economic growth and lower take home pay. that's a bad scenario. >> the lead negotiator on the republican side of the table facing mr. obama says raising tax
. >> republicans frequently argue it is critical to get a handle on the nation's deficits before the u.s. becomes like greece. there a terrible economy with 26% unemployment, the highest in europe, and almost no job opportunities for young people frequently lead to riots in the streets. now here a leading democrat is suggesting cutting spending too quick -- too quickly is the real problem. >> the community is concerned about all of their as you teary too. there are many things you...
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it cuts $2.2 trillion from the deficit over ten years. that number also includes entitlement reforms raising the age for social security and medicare and so forth as well as $800 billion that they say they would throw into the pot in new tax revenue that would come from tax reform, from cutting tax loopholes and the like. joined now, very pleased to have with us california republican ken mccarthy, the house majority whip. congressman, welcome. good to see you this morning. >> thanks for having me. martha: so you put your number out there, you know, all kinds of response across the board this morning saying that it is, you know, equally laughable, ridiculous. there's no way that the white house is going to counter that offer. what do you think about that? >> well, i think that's sad, because think about what this president said when he campaigned. he said he wanted a balanced approach. he said he wanted 800 billion in revenue and 800 billion in revenue we provide. we also provide that balanced approach where he wanted two and a half cuts t
it cuts $2.2 trillion from the deficit over ten years. that number also includes entitlement reforms raising the age for social security and medicare and so forth as well as $800 billion that they say they would throw into the pot in new tax revenue that would come from tax reform, from cutting tax loopholes and the like. joined now, very pleased to have with us california republican ken mccarthy, the house majority whip. congressman, welcome. good to see you this morning. >> thanks for...
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Dec 3, 2012
12/12
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so i think what the white house is signaling is that at a minimum, any deficit package has to include this immediate february and march debt ceiling that we're going to hit. >> is jack lew the current chief of staff and former budget director the top candidate to be treasury? what is your best guess? >> he appears to be the frontrunner from everything you see and read and hear and he is a -- i've known him a long time. he's an accomplished guy. he knows these issues perfectly. he has worked in the financial community and has a sense of that and vice versa. and so i think he would be a it terrific choice. >> we should say there are a couple other people who have been rumored to being vetted. roger altman, former treasury official, larry fink, be erskine bowles. this what is alan simpson, erskine bowles' partner in the deficit commission, had to say about that possibility last week on the show. >> he said he would be very pleased to do that. he shared that with me personally, as long as they move the treasury department to north carolina, to charlotte. i don't think -- >> he's worked so
so i think what the white house is signaling is that at a minimum, any deficit package has to include this immediate february and march debt ceiling that we're going to hit. >> is jack lew the current chief of staff and former budget director the top candidate to be treasury? what is your best guess? >> he appears to be the frontrunner from everything you see and read and hear and he is a -- i've known him a long time. he's an accomplished guy. he knows these issues perfectly. he...
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Dec 9, 2012
12/12
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chairman we have agreed the deficit is bad. but in my experience with congress is anything to go by, there will have to be a crisis to fix it. my question is, a you prepared to bring about the necessary crisis the year continued restrictive monetary policy? he could hardly believe his years. to avoid a political suicide, i will just say as a matter of general philosophical approach and feel very strongly it is not our job to artificially provoke a crisis. then they say mr. chairman i never intimated that was part of your thinking and he said iowa's cent absolutely sure about that. then hines says but maybe the inevitable consequence. paul volcker cannot law old ally -- tala lie and then in fact, it confirms the hidden agenda to maintain painfully high interest rates so monetary policy could go up. of final confirmation this after the bell was passed senator phil gramm called paul volcker to say now we have the budget under control kimmie have the easier monetary policy? he said we will see. that is a typical central banker resp
chairman we have agreed the deficit is bad. but in my experience with congress is anything to go by, there will have to be a crisis to fix it. my question is, a you prepared to bring about the necessary crisis the year continued restrictive monetary policy? he could hardly believe his years. to avoid a political suicide, i will just say as a matter of general philosophical approach and feel very strongly it is not our job to artificially provoke a crisis. then they say mr. chairman i never...
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absolutely are going to die if things start to chang and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not in a good recovery. and if we just keep falling little bit by little bit, maybe as much as jump off the cliff, but it's certainly a slippery slope. >> brenda, the damage is already being done. we saw it in november retail sales and companies delaying activity already and we know the ratings agencies are minutes away, we're right to fix the problem in the long run than making a bandaid short-term
absolutely are going to die if things start to chang and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and...
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Dec 5, 2012
12/12
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.% to 6.2%, that's $115 billion a year that will go to deficit reduction instead of being pumped into the economy. heidi cherholts is an economist. >> it's less money for consumers to spend that means the demand for goods and services will drop. who provides goods and services? workers. so employment will fall. >> reporter: those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. with although mejia says that somewhere will mean doing without some of the basics. >> might be a pair of sneakers. might be that jacket that they want to go to school with in the winter. might be those pair of boots that they want to go and keep warm. >> reporter: for john mejia, the debate in washington is not about the federal budget it's about his family's. jim axelrod, cbs news, west new york, new jersey. >> pelley: well, a lot of families with tight budgets will be happy to hear this next story: the housing market is coming back. we got a report today that says home prices in october had their biggest gain in six years. up more than 6%. sales
.% to 6.2%, that's $115 billion a year that will go to deficit reduction instead of being pumped into the economy. heidi cherholts is an economist. >> it's less money for consumers to spend that means the demand for goods and services will drop. who provides goods and services? workers. so employment will fall. >> reporter: those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. with although mejia says that somewhere...
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Dec 5, 2012
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that's $115 billion a year that would go to deficit reduction instead of being pumped into the economy. heidi sherholtz is an economist. >> it's less money for consumers to spend, that means that the demand for business services will drop, who provides goods and services, workers, so employment will fall. >> reporter: those in favor allowing the tax cuts to expire argue money for social security payments has to come from somewhere. although john says that somewhere will mean doing without some of the basics. >> might be a pair of sneakers. >> reporter: might be a jacket. might be those pair of boots that they want to go there and keep warm. >> for john the debate in washington is not about the federal budget it's about his family's. jim axelrod, cbs news, west new york, new jersey. >> early this morning a tentative deal was reached to end the strike that shut down this nation's largest port complex. workers are expected to return to work this morning. clerks at the ports of los angeles and long beach, california had been on strike for eight days. the deal was reached hours after federa
that's $115 billion a year that would go to deficit reduction instead of being pumped into the economy. heidi sherholtz is an economist. >> it's less money for consumers to spend, that means that the demand for business services will drop, who provides goods and services, workers, so employment will fall. >> reporter: those in favor allowing the tax cuts to expire argue money for social security payments has to come from somewhere. although john says that somewhere will mean doing...
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Dec 4, 2012
12/12
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. >> john boehner sent a proposal that offers more than $2 trillion in deficit reductions but no tax increase. >> he will not sign an extension of the bush era tax cuts for the top 2%. >> folks worried about the fiscal cliff, are you like me? are you worried about it and have no idea what it is? >> according to state tv iran's revolutionary guard captured a u.s. drone after it entered the iriranian air space over the persian gulf. >> but u.s. navy official says there are no missing drones. >> prince william and his wife katherine, expecting their first child. >> after the duchess was admitted to hospital. >> that child could grow up to be one of the most powerful unemployed people in the world. >> a search is under way in new york for a man accused of pushing another man to his death in the subway. >>> rg3, he made opportunities. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >> please shut up. just shut up. >> you shut up. >> that got annoying at the end. >>> and all that matters. >> let the speculation begin. will and katherine a
. >> john boehner sent a proposal that offers more than $2 trillion in deficit reductions but no tax increase. >> he will not sign an extension of the bush era tax cuts for the top 2%. >> folks worried about the fiscal cliff, are you like me? are you worried about it and have no idea what it is? >> according to state tv iran's revolutionary guard captured a u.s. drone after it entered the iriranian air space over the persian gulf. >> but u.s. navy official says...
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Dec 10, 2012
12/12
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CNN
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i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit diesel has been turning out some of the best engines in the world. over all those years, generations of redford workers have walked through these doors. not just to punch a clock, not just to pick up a paycheck, not just to build an engine, but to build a middle class life for their families, to earn a shot at the american dream. for 7 1/2 decades, through good times and bad, through revolutions and technology that sent a lot of good jobs, manufacturing jobs overseas, men and women like you, your parents, maybe even your grandparents, have done your part to build up america's manufacturing strength. that's someth
i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit diesel has been turning out...
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Dec 8, 2012
12/12
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but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families then we're also going to have to ask the wealthiest americans to pay higher tax rates. that is one principle i wouldn't compromise on. >> speaker john boehner has a different view. he says the president needs to abandon what he called his "my way or the highway approach," in his words. if the president does that a lot of things are possible. >>> syrian rebels are battling army units around the capital. activists say 26 people were killed in the damascus suburbs today, while 29 more were killed around the country. meanwhile, the u.s. and other officials warning against chemical weapons. syria says it would never use the chemical weapons against its own people but warns that terrorists could use it against the people. >>> and linebacker jerry brown, a dallas cowboy, a member of the team's practice squad was pronounced dead at the hospital. he was riding in a car driven by josh brent, t
but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families then we're also going to have to ask the wealthiest americans to pay higher tax rates. that is one principle i wouldn't compromise on. >> speaker john boehner has a different view. he says the president needs to abandon what he called his "my way or the highway approach,"...
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Dec 8, 2012
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billion, and could face another half trillion in automatic cuts if congress fails to compromise on a deficit-reducing agreement by year's end. >> we need stability. we want a strong national defense for this country, i need to have some stability, and that's what i'm asking the congress to do, give me some stability with regards to the funding of the defense department for the future. >> the biggest effect caused by all of the government indecision, the inability to pass a budget, the looming sequestration is uncertainty. >> reporter: his small company of 40 employees manufacturers drones, mounts it with cameras for the military and first responders. >> what do we do? do we contract the business? do we try to hold the business constant? do we try to diversify into other market segments? every small business in the country is asking those fundamental questions. >> want to see it? >> part of the reason i was brought in there was to diversify the type of work that they do. they want to look more on the commercial side as well. >> reporter: despite confidence with their jobs, the unknown is nerve racking
billion, and could face another half trillion in automatic cuts if congress fails to compromise on a deficit-reducing agreement by year's end. >> we need stability. we want a strong national defense for this country, i need to have some stability, and that's what i'm asking the congress to do, give me some stability with regards to the funding of the defense department for the future. >> the biggest effect caused by all of the government indecision, the inability to pass a budget,...
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Dec 8, 2012
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but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >>> holiday hiring may have given a big boost to the jobs report released yesterday. retail hirers hired more people than any month on record since 1939. 146,000 jobs were added to the economy last month, and the unemployment rate fell to a four-year low of 7.7% partly because thousands have just simply stopped looking for work. >>> more good news for your wallet. gas prices are down to an average of $3.36. it is the 16th consecutive time the price has dropped. the highest price for a gallon of regular is in high where it's $4.02. >>> he served his party as a republican, and now charlie crist is a proud democrat. he posted a twitter photo showing his registration papers, showing he is proud and honored to join the party in the home of president obama. cr
but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >>> holiday hiring may have given a big boost to the jobs report released yesterday. retail hirers hired more people than any month on record since...
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Dec 4, 2012
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principality did everything they had to do in terms of protecting lives, but the delicate a structural deficit that the expenditure triggered that without that are basically enough firemen and police. president of on this prompt declaration was much appreciated because it took some of the doubt about whether spending money was going to rebound homering again. if we can look at the per capita threshold that triggers the high reimbursement, the fact is communities deserve that. they've experienced in historic repetition of bad weather that is really now starting to hit home and muscle in terms of the ability to provide basic functions for local government. thank you for holding this hearing and look forward to record the senate and house bipartisan groups to get the right response. >> representative, thank you. as a former member local government, there's so many times you go to the well. as a small tax base coming out of a recession with receipts are down. you make an important point this committee won't be dealing with supplemental directly. indirectly we will because so many of us, not myself
principality did everything they had to do in terms of protecting lives, but the delicate a structural deficit that the expenditure triggered that without that are basically enough firemen and police. president of on this prompt declaration was much appreciated because it took some of the doubt about whether spending money was going to rebound homering again. if we can look at the per capita threshold that triggers the high reimbursement, the fact is communities deserve that. they've...
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Dec 5, 2012
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when i see a full deck of cards, that includes those participating in deficit reduction. it must be used over time and they can make very significant changes in the budget and do it in a way that does not damage our security. doing it abruptly as the fiscal cliff does, or any timeframe, it is not only inefficient, i think it endangers our security and our wrists. my final point is that missing element is primarily political will and i say that in regard to both political parties and the solution. the solution has to be forthcoming in the weeks ahead in the months ahead require our leaders and put our nation first. that has to be the primary focus of our political leadership. to put the interest of our country first. thank you for your leadership, thank you as well mike mullen. it is also a great privilege to be here with john warren and mr. isaac skelton. ,. >> thank you. thank you for putting this effort together. we thank admiral mike mullen, whose efforts have been outstanding for this effort. the late barbara -- barbara tuchman wrote a book entitled "march of folly."
when i see a full deck of cards, that includes those participating in deficit reduction. it must be used over time and they can make very significant changes in the budget and do it in a way that does not damage our security. doing it abruptly as the fiscal cliff does, or any timeframe, it is not only inefficient, i think it endangers our security and our wrists. my final point is that missing element is primarily political will and i say that in regard to both political parties and the...
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Dec 7, 2012
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continuing hope this leadership in this country comes together in france in agreement that avoids this deficit clips that were hanging on. >> from the va -- [inaudible] >> one of the big problems of disability claims that the medical records issue. [inaudible] to improve the medical records. secretary panetta, something that helps to have a better physicalism maybe this service will have a better record of what their problems are. what you do for the people to know, hundreds of thousands of people appending claims no and are being postponed because of the fact that medical records either to history too complicated to come by and prove whether they have a disability. >> i think production demonstrates we are working these cases aren't immediately available to develop them so we have a fully developed claim and can make judgments. we do that better reader than that a million claims a year big challenge for us is to get a million plus and returned coming in the door. that's where the automation system called veterans benefits management system is key to our ability to do with those numbers. we pu
continuing hope this leadership in this country comes together in france in agreement that avoids this deficit clips that were hanging on. >> from the va -- [inaudible] >> one of the big problems of disability claims that the medical records issue. [inaudible] to improve the medical records. secretary panetta, something that helps to have a better physicalism maybe this service will have a better record of what their problems are. what you do for the people to know, hundreds of...
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Dec 8, 2012
12/12
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maybe say that were not going to fund more say they should pay down the deficit. i know hollywood happens to be in california. this is not a kevin costner movie. if we build it, i don't know if they will come. that's not it with the taxpayers money. it's right at this hearingfrom the best way scrutinize. before we move forward on anything, the legislative peer review at the same questions of the business plan. we should even ask more because it wasn't their money. it's the taxpayers money and were responsible for investing. i yield back. >> i thank the gentleman. i'm pleased to recognize this hahn, generally from california. >> thank you. good morning, mr. chairman, members of the committee. thank you for allowing me to participate in this hearing today. i've only been in congress about a year and a half, but my whole life i've been deeply involved in transportation issues, particularly in my capacity in the los angeles city council for 10 years. so my dad who was in l.a. county supervisor for 40 years in l.a. county took my brother and i to the world fair to the
maybe say that were not going to fund more say they should pay down the deficit. i know hollywood happens to be in california. this is not a kevin costner movie. if we build it, i don't know if they will come. that's not it with the taxpayers money. it's right at this hearingfrom the best way scrutinize. before we move forward on anything, the legislative peer review at the same questions of the business plan. we should even ask more because it wasn't their money. it's the taxpayers money and...
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Dec 5, 2012
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we look at the federal deficits. greg of new hampshire talks about ways to make the health care reform more efficient. this is an hour of 10 minutes. >> if you don't chime in i will pick on you and bring you into the conversation. you have insights and perspectives that are unique and we would like to hear from you and hear some of the ideas on the table. maybe gene and senator portman will get some ideas from this group. again, we look forward to that. i work at bloomberg television. i've been covering these issues for most of my career. it seems like an a huge issue for our audience not only for the united states but also around the world. i'm going to end this thing on time at 12:30 today because the president is granting bloomberg an exclusive interview today. if you miss it, you can catch it at 8:00 tonight. an important time for our coverage as well. let me go around the table and give you a quick introduction to everyone. i have interviewed you at various times. first of all, pete on the end, long time senator
we look at the federal deficits. greg of new hampshire talks about ways to make the health care reform more efficient. this is an hour of 10 minutes. >> if you don't chime in i will pick on you and bring you into the conversation. you have insights and perspectives that are unique and we would like to hear from you and hear some of the ideas on the table. maybe gene and senator portman will get some ideas from this group. again, we look forward to that. i work at bloomberg television....
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Dec 6, 2012
12/12
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WETA
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number two, let's have a smart long term deficit reduction program that includes us doing some things right now that would help with job creation. number three let's not manufacture another debt ceiling crises and number four let's make sure that we're making the kind of investments in education and work force development, energy independence, infrastructure and research and development that ensures that we're innovating as we have in the past. >> rose: julianna goldman of bloomberg joins me from washington and she interviewed president obama on tuesday. that was an excerpt from her interview and i'm pleased to have her on this program. and congratulations first of all. >> charlie thanks very much. it was a great opportunity. >> rose: tell me how you found the president. not in terms of the sort of term temperment in terms of where his mind is set at this moment. >> there was a little bit of chitchat before we started the interview and i had the opportunity to congratulate him for the first time since his election. and i said you've been a little busy. he said yes no trip to disneywor
number two, let's have a smart long term deficit reduction program that includes us doing some things right now that would help with job creation. number three let's not manufacture another debt ceiling crises and number four let's make sure that we're making the kind of investments in education and work force development, energy independence, infrastructure and research and development that ensures that we're innovating as we have in the past. >> rose: julianna goldman of bloomberg joins...
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greatest national-security threat is, he did not say al qaeda, iran, north korea, what he said was the deficit and the state of american society. i think that is exactly right. you can look at questions of the budget, and for structure, an immigration policy but above all this education policy. this is the future. we're not talking about our physical infrastructure. we are talking about our human infrastructure. joel has dedicated his recent phase of his creer to -- career to this. when he is not discovering the best restaurants in brooklyn, he is focused on improving the lot of young people in this country. >> it is supposed to be the other way around. >> i will tell you how kind and dedicated he has been to this issue. i called condie up and said i want you to do something for me and with me. she said i'm too busy, did not start. i said ok. i said before the end of this conversation, you will agree to what i asked you. she said no way. i said we at the council on foreign relations was spend time working on things like china and mexico and traditional foreign- policy issues, we have moved our
greatest national-security threat is, he did not say al qaeda, iran, north korea, what he said was the deficit and the state of american society. i think that is exactly right. you can look at questions of the budget, and for structure, an immigration policy but above all this education policy. this is the future. we're not talking about our physical infrastructure. we are talking about our human infrastructure. joel has dedicated his recent phase of his creer to -- career to this. when he is...
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. >> he's saying that republicans do not believe this is the right path to cutting our deficit, into promoting economic growth, boehner says. they do not want to raise tax rates. on wealthy americans or any american. i was outside a meeting that the republican leaders had with the rank and file members yesterday, speaking to member after member after they were leaving their meeting. there's often quite a break from the leadership and rank and file. they have given john boehner trouble in the past but at this point, they are giving him some lee way and they seem to be rallying around the speaker and his negotiations at this point. there's no budging on either side. >> they said there was a lot of support there. president obama said i'm sticking to my guns also. the president is warning the republicans next move will be to use the upcoming vote on the debt ceiling as leverage in the budget battle. let's listen. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, w
. >> he's saying that republicans do not believe this is the right path to cutting our deficit, into promoting economic growth, boehner says. they do not want to raise tax rates. on wealthy americans or any american. i was outside a meeting that the republican leaders had with the rank and file members yesterday, speaking to member after member after they were leaving their meeting. there's often quite a break from the leadership and rank and file. they have given john boehner trouble in...
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lay out what really has been public, what president obama wants, or at least his opening offer for deficit reduction, about $1.6 trillion in new taxes and significantly less in spending cuts. in entitlement reform, and now you have the white house really sensing that they have some leverage here, saying to house republicans, you know what? you go ahead and you put the meat on the bones when it comes to this really politically precarious part of entitlement which is often construed as cutting entitlements like medicare. here's what tim geithner said. >> we laid out a program of how we do it in what stages with $600 million of spending cuts in ten years over entitlement programs. the thing now is for them to come to us and say here's what we think makes sense. we've told them hat we think makes sense. they have to come tell us. >> so he's drawing a line there in the sand. we also heard over the weekend from house speaker john boehner that he found geithner's proposal flabbergasting. he said it wasn't serious. but what you have, zoraida, is the white house and democrats sensing that they do h
lay out what really has been public, what president obama wants, or at least his opening offer for deficit reduction, about $1.6 trillion in new taxes and significantly less in spending cuts. in entitlement reform, and now you have the white house really sensing that they have some leverage here, saying to house republicans, you know what? you go ahead and you put the meat on the bones when it comes to this really politically precarious part of entitlement which is often construed as cutting...
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so it calls for $2.2 trillion in deficit savings, this is over the next decade. including $800 billion from tax reforms. $600 billion from medicare reforms. and $600 billion in spending cuts. but the white house quickly said, no way, because the deal doesn't contain tax hikes for the wealthiest americans. brianna keilar live from washington this morning. and brianna, are we beyond political posturing to the point where we have reached a stalemate? >> there is a lot of posturing going on and there is an impasse, obviously. at this point you have the white house saying they're not going to discuss specifics on entitlement reform with house republicans until they capitulate on increasing the income tax rates for wealthy americans. so there is an impasse but there's a lot of posturing. the offer of the white house details of which came out last week, and now this counteroffer from house republicans out yesterday. so i think the policy prescriptions here are pretty clear on what has to be done, although both sides are very far apart. if you just listen to what's going
so it calls for $2.2 trillion in deficit savings, this is over the next decade. including $800 billion from tax reforms. $600 billion from medicare reforms. and $600 billion in spending cuts. but the white house quickly said, no way, because the deal doesn't contain tax hikes for the wealthiest americans. brianna keilar live from washington this morning. and brianna, are we beyond political posturing to the point where we have reached a stalemate? >> there is a lot of posturing going on...
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republicans lashing out at speaker boehner over his deficit reduction plan. are lawmakers really going to let us go over the cliff? and a gruesome photo sparking outrage. should "the new york post" have put up this picture of a man moments before he was crushed to death by a subway train. it with you on the cover. we're hearing from t
republicans lashing out at speaker boehner over his deficit reduction plan. are lawmakers really going to let us go over the cliff? and a gruesome photo sparking outrage. should "the new york post" have put up this picture of a man moments before he was crushed to death by a subway train. it with you on the cover. we're hearing from t
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i worry that we are going to do too much deficit reduction. too much spending cuts. when the private sector, when businesses and consumers are not spending, what we need is for government to be the spender of last resort. we don't want to go into major spending cuts. that's the austerity trap that europe has found itself in, and it would be crazy for us to go in that direction. >> before we go, very quickly, yes or no. do we have a deal by the end of the year? >> yes. >> and what about you, doug? >> marginally, yes. 60/40 in favor of a deal but they've got to get moving. >> we'll have to see if it's a real deal or another kick of the can down the road or some other interim thing. thanks for being here. >>> "outfront" next, the u.s. military draws up new plans for a potential strike against syria as we learn more about that country's stockpile of chemical weapons. >>> plus -- the u.s. supreme court agrees to take on the issue of gay marriage. and is that a signal, is that a signal that for republicans, it may be time to reconsider its view on this? >>> and a nurse dup
i worry that we are going to do too much deficit reduction. too much spending cuts. when the private sector, when businesses and consumers are not spending, what we need is for government to be the spender of last resort. we don't want to go into major spending cuts. that's the austerity trap that europe has found itself in, and it would be crazy for us to go in that direction. >> before we go, very quickly, yes or no. do we have a deal by the end of the year? >> yes. >> and...
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higher tax rates or vote for higher tax rates, doesn't mean to say you're going to do anything for the deficit. a bad policy. but looked at strictly economically, forget the politics here, forget fiscal cliff, forget negotiations. you just look economically, raise taxes, you don't get all the money you think you are going to bring in. >> brian: real quick, kevin mccarthy, one of the young guns, was on "metropolitan the press" and said, good news. revenues are up 10%. that's because we seem to be turning around economically. here is the bad news, spending is up 16%. why? he's trying to explain to a very reluctant david gregory, why should we consider raising tax when is clearly the revenue is up, but the spending is up higher? >> the president wants to raise tax rates on people making more than 250,000. he thinks that will bring in $82 billion in one year. the experience of california and other countries is that you will not bring in $82 billion. you bring in less. >> brian: sadly, it's just about getting a trophy and saying i told you i would do it. >> that's the politics of it. >> brian: varn
higher tax rates or vote for higher tax rates, doesn't mean to say you're going to do anything for the deficit. a bad policy. but looked at strictly economically, forget the politics here, forget fiscal cliff, forget negotiations. you just look economically, raise taxes, you don't get all the money you think you are going to bring in. >> brian: real quick, kevin mccarthy, one of the young guns, was on "metropolitan the press" and said, good news. revenues are up 10%. that's...
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when you look at the debt and deficits he run up. he run up more debt than all of the other presidents combined and maybe the republicans should let the president go ahead and sail off of the cliff and do it for the next generation. keep in mind, somebody may have to pay the bill it may be our children and our children's children. do we want to leave the country in better shape. >> gretchen: they will not have enough pennies in the piggy bank. moments ago kate middleton and prince william left the hospital. she was admitted on monday after suffering from acute morning sickness. kate was treated by the queens doctors. she is headed to kensington palace where she will rest for a extended time. the rogue nation of syria has begun mixing chemical weapons and loading them in to bombs. it is raising fears that president assad will use them on his own people. >> if he would drop the gas, it would kill 100,000 people immediately and in damascus a million people could be affected. it is very serious. >> gretchen: fox news learns that the mili
when you look at the debt and deficits he run up. he run up more debt than all of the other presidents combined and maybe the republicans should let the president go ahead and sail off of the cliff and do it for the next generation. keep in mind, somebody may have to pay the bill it may be our children and our children's children. do we want to leave the country in better shape. >> gretchen: they will not have enough pennies in the piggy bank. moments ago kate middleton and prince william...
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to me, the ominous sign here is he acting so wreckless about the debt and deficit. you see this rush of companies to pay off dividends this year so they don't have to be taxed at higher rate next year. i mean, it's affecting the market. it's affecting the economy already. so why isn't the president more serious about doing something about the big problems, about working with the republican congress? democratnot win the house of representatives. perhaps he hasn't heard. but he doesn't have all the power. so you sit down, you work this out for the good of the country. not fort good of your ideology. >> brian: he didn't learn a thing from the first four years. i look forward to talk to you more about this on radio. 13 minutes before the top of the hour. why is ford thriving while other auto makers are struggling? the ceo is here to share his secret and the brand-new ride. >> steve: i'm in a brand-new car. it looks like a space ship. this guy, the head guy at ford. he's got a better idea. he's gog actually give all of us brand-new cars. thank you. >> clearly. >> steve:
to me, the ominous sign here is he acting so wreckless about the debt and deficit. you see this rush of companies to pay off dividends this year so they don't have to be taxed at higher rate next year. i mean, it's affecting the market. it's affecting the economy already. so why isn't the president more serious about doing something about the big problems, about working with the republican congress? democratnot win the house of representatives. perhaps he hasn't heard. but he doesn't have all...
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the republicans plan would cut $2.2 trillion from the deficit, which is about $600 billion more than the president's plan. it would raise the eligibility age for medicare from 65 to 67. and lower the annual cost of living increases for social security benefits. south carolina senator lindsey graham says those two programs have to be brought under control. >> if we adjusted the age of retirement over the next 30 years like ronald reagan and tip o'neil adjusted the cpi index and means tested benefits, we could save medicare and social security from insolvency and people need the programs. the good news is, we would get our kids and grandkids out of the situation of becoming greece. >> the president's aides not surprisingly quickly rejected the plan which republicans say would bring in $800 billion in higher tax revenue without raising rates. white house communications director said, quote, it actually promises to lower rates for the wealthy and sticks the middle class with the bill. press secretary jay carney said mr. obama is determined to phase out the bush administration tax cuts fo
the republicans plan would cut $2.2 trillion from the deficit, which is about $600 billion more than the president's plan. it would raise the eligibility age for medicare from 65 to 67. and lower the annual cost of living increases for social security benefits. south carolina senator lindsey graham says those two programs have to be brought under control. >> if we adjusted the age of retirement over the next 30 years like ronald reagan and tip o'neil adjusted the cpi index and means...
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how will you stop us from going over the fiscal cliff and will it involve significant deficit reduction. the president said i thought twitter was supposed to be fun. where are all of the crazy video. twitter boring. >> gretchen: it is an interesting concept instead of spending time twittering why not go and lead the discussion between the parties. >> steve: or the president went golfing three or four times . it would be great if he went golfing with john boehner. >> gretchen: as hong as they don't ask. here are the headlines. a scare for franky muniz who rose to fame for malkare olm in the middle. >> it is the video . desense -- desensitized to violence. how many have you had. >> gretchen: the 26 year old recovering after suffering from a min i stroke. they are awaiting results. they noticed that nuniz had trouble understanding word and speaking. >> brian: he has to take better care of himself. >> steve: meanwhile, a mother could face crimminal charges if she doesn't bring her daughter back to the hospital. cops are searching for 11 year old emily who suffers from leukemia. her mom remo
how will you stop us from going over the fiscal cliff and will it involve significant deficit reduction. the president said i thought twitter was supposed to be fun. where are all of the crazy video. twitter boring. >> gretchen: it is an interesting concept instead of spending time twittering why not go and lead the discussion between the parties. >> steve: or the president went golfing three or four times . it would be great if he went golfing with john boehner. >> gretchen:...
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to be a problem for the detroit lions but not the green bay packers they over came a two-touchdown deficit winning 27-20 and are one step closer to the nfc north title. the giants take on new orleans to hold on to their lead. rookie running back david wilson had a break out day that included three touchdowns. new york crushing the saints 52-27. a hard fought game between the redskins and ravens in the final minutes. robert griffin, well, robert griffin the third i should add the third he knocked out of the game with a knee injury after a tackle. a team spokesman says today though that's not major and won't be ending the season. >> although tough not the enof the season. they went on to win in over time 31-28. >> the time right now is 20 before the top of the hour. seems americans still haven't learned their lessons just like our federal debt your personal debt has reached record highs. the frightening numbers that will have you thinking twice before you start swiping that credit card this success. >> they have a leave for safety reasons during super storm sandy. when they left behind wasn'
to be a problem for the detroit lions but not the green bay packers they over came a two-touchdown deficit winning 27-20 and are one step closer to the nfc north title. the giants take on new orleans to hold on to their lead. rookie running back david wilson had a break out day that included three touchdowns. new york crushing the saints 52-27. a hard fought game between the redskins and ravens in the final minutes. robert griffin, well, robert griffin the third i should add the third he...
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durbin said social security hasn't added a dime to the deficit. in 2012 it added $160 billion of debt. that is more than a dime. there are 2.5 trillion in the trust fund in social security that will take care of it for 20 more years, 25 more years. that means pieces of paper in the trust fund where the treasury says we will pay you. it doesn't have the money. it spent surpluss in the past. that's a promise from the treasury which is pank ru bankrupt. that is infection but they know it. the republicans are bad guys these are good guys. surprising to me the president wokd get the revenues he wants from de deductions and exclusions. it is on rates not for economic reasons but political. he wants to break the backs of republicans. it this is a continuation of his campaign he thinks he wants it and now he wants to drive the steak through it. it is all about politics nothing about economics. >> democratic congressman chris van holland appeared on special report. there are cuts to the president's budget but republicans haven't paid attention to them. >>
durbin said social security hasn't added a dime to the deficit. in 2012 it added $160 billion of debt. that is more than a dime. there are 2.5 trillion in the trust fund in social security that will take care of it for 20 more years, 25 more years. that means pieces of paper in the trust fund where the treasury says we will pay you. it doesn't have the money. it spent surpluss in the past. that's a promise from the treasury which is pank ru bankrupt. that is infection but they know it. the...
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most areas seeing deficits in the snow. we the snow pack the drought start to get if there and colder air coming in as well. guys? >> thank you, rick. >> for the record ainsley just said we need snow? >> colorado ski slopes we don't need it here in new york. try to avoid that. >> administration's story on benghazi. what has been rejected by publishers if it were a novel? that's what one best selling author says why brad thor you know him and you love him. you have read his books. why he thinks there is too many holes even for fiction. >> remember those chrysler workers caught drinking and going ba to work and make cars, yours cars, our cars? they just got their jobs back. [ female announcer ] beef, meet flavor boost. flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at flavorboost.com. [ female announcer ] cook, meet compliments. music: "make someone happy" music: "make someone ha
most areas seeing deficits in the snow. we the snow pack the drought start to get if there and colder air coming in as well. guys? >> thank you, rick. >> for the record ainsley just said we need snow? >> colorado ski slopes we don't need it here in new york. try to avoid that. >> administration's story on benghazi. what has been rejected by publishers if it were a novel? that's what one best selling author says why brad thor you know him and you love him. you have read...
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the president and the deficit. if he wants to see if it works, the lesson that california could give the rest of the nation. >> mike: hi, everybody. mtv's brand new reality tv show makes jersey shore look pg and lawmakers are outraged. is it putting kids at risk? we report, you decide. >> clayton: and it was the encore of a lifetime. >> oh! >> what you don't see there, but do you here is is a soldier dad at his daughter's play with a surprise return. joining us live here on "fox & friends," hour two starts right now. ♪ >> and i admit that made me cry. >> clayton: buck wild? >> no, not buck wild, the girl. >> alisyn: and just when you think you can't get more creative, and they find a new way. it was during a school play and we'll show you how it unfolded. >> clayton: and your worst gift someone has given? and they're tweeting those and we'll read those. and the fiscal cliff, put up the countdown clock, if you would. 23 days left. >> alisyn: is that a counttown clock. >> clayton: 23 days until my birthday, decembe
the president and the deficit. if he wants to see if it works, the lesson that california could give the rest of the nation. >> mike: hi, everybody. mtv's brand new reality tv show makes jersey shore look pg and lawmakers are outraged. is it putting kids at risk? we report, you decide. >> clayton: and it was the encore of a lifetime. >> oh! >> what you don't see there, but do you here is is a soldier dad at his daughter's play with a surprise return. joining us live here...
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president proposing for tackling the real economic challenge we have here, the real driver of budget deficits, the real threat to american economics, superiority in this world, out of control-- the president of the united states, the president for four yea years, no credible plan for tackling that spending. >> dave: there's been nothing put on paper when it comes to entitlements from the president one thing he's been afraid to do. now he's been reelected don't be afraid to face the voters. tack tackle entitlement and changes to survive. >> alisyn: isn't that the beauty of the second term. incumbency you're no longer bo ho holden to anyone. >> and that 1.6 trillion dollar. before 800 billion and now it's 1.6 trillion. maybe that's the second term speaking. >> alisyn: let's talk about what's going on with the christmas tree. as you know, it's christmas season and that means that there will be incidents where the p.c. police are out in force, checking and calling your tree, a holiday tree or a christmas tree and this has. this is brewing in massachusetts because the mayor of a small town, well,
president proposing for tackling the real economic challenge we have here, the real driver of budget deficits, the real threat to american economics, superiority in this world, out of control-- the president of the united states, the president for four yea years, no credible plan for tackling that spending. >> dave: there's been nothing put on paper when it comes to entitlements from the president one thing he's been afraid to do. now he's been reelected don't be afraid to face the...